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Non-Profit Asset Transfer Program

The Provincial Housing Strategy, Housing Matters BC, includes a number of initiatives to strengthen the non-profit sector that delivers social housing.

Many non-profits operate social housing on land that they lease from BC Housing. In 2014, the Provincial Government authorized BC Housing to transfer the ownership of up to 350 properties to qualified non-profit societies that operate social housing.

The non-profit sector has been asking for the transfer of BC Housing owned lands for many years. The B.C. government has listened, and will continue to support the non-profit sector through these transfers.

These partnerships have already proven to be highly successful, for the societies and their tenants, and for the health of the sector.

In turn, net proceeds from the transfers are reinvested into the construction and renovation of social housing across the province.

Strengthening the non-profit sector

As of September 2016, the B.C. government has transferred ownership of 128 properties to non-profit societies across BC, who currently own and operate social housing.

More than more than 90 per cent of social housing in B.C. is delivered by non-profit societies. The transfer of ownership strengthens each society individually and thus and the social housing sector as a whole.

Public housing transfer

Stamps Place and Nicholson Towers in Vancouver have been transferred to New Chelsea Society and the Bloom Group respectively. The societies began operating the developments on April 1, 2016.

Habitat Housing Society has been selected to operate Ted Kuhn Towers in Surrey. More Than a Roof Mennonite Housing Society has been selected for Sunset Towers in Vancouver. Long-term operating agreements are being finalized.